There have been some truly breath-taking penthouses for sale on the market over the last year, with clients motivated to pay a premium for what they see outside more so than inside. In today’s Berkeleys blog, we consider the comparisons between a penthouse on the Dorset coast to London’s penthouses in the sky.
Berkeleys recently listed a penthouse by the sea in Poole, Dorset, with impressive credentials: Daytona is an exclusive contemporary development of just 3 duplex apartments set in a discreet location in coastal Poole, Dorset, just 2 hours from London. With 3,000 sq. ft of open space and a large 1,600 sq. ft terrace, the expansive glass windows and stunning views over Poole Harbour rate exceptionally across Sandbanks and Canford Cliffs property. With a guide price of £1,875,000, this penthouse is unique in offering a combination of location, view, privacy and interior specification.
With an indoor/outdoor square footage of 4,600 sq. ft, Daytona is valued at £625 per sq. ft. Priced at less than 10% of London’s top penthouses coming to the market it makes for an amazing comparison considering its tip-top credentials but no city view! For a city view, think more in terms of the £20 million price mark…
London property developer British Land recently sold the most expensive Mayfair home ever – a 5,000 sq ft penthouse on Clarges Street in Mayfair, which sold above the previous record of £5,000 per sq ft. Clarges Mayfair has an “unrivalled” location close to Bond Street, with the upper floors offering “panoramic views” of Green Park and Buckingham Palace. The gated mews development includes a private “wellness spa” with a 25m swimming pool, gymnasium and sauna, plus private cinema room.
A Knightsbridge penthouse in the prestigious One Hyde Park, Knightsbridge building has become the most expensive property ever sold in Britain, and is believed to have been bought by an Eastern European buyer. ‘Penthouse D’ was sold as ‘core and shell’ and an estimated £20 million will be spent on furnishing the space, after which valuers predict the property to be worth £175 million.
Another penthouse apartment in The Chilterns in Marylebone W1 was priced at £25 million last year. The development offers a private cinema, an on-call personal trainer and chef, a private tasting room, a gym, a sauna, and David Bailey artworks on the walls. This flat is 5,047 square feet – including four individual bedroom suites – and a walk-in wardrobe in the master bedroom. There’s also an additional studio flat – presumably for staff.
The Heron’s £18 million South Penthouse in the city is set 367ft high above London’s streets. This 6,000 sq ft duplex apartment has an outlook which includes the Shard and St Paul’s and stretches beyond Battersea.
Today, penthouses really do stand out alone, consistent themes clearly emerging: as well as offering enormous space and high specification, purchasers are buying in to the iconic views. Privacy and separate entrances add to the allure. Sea views and city skyline views appear to offer an equally breath-taking experience but at very different values today.